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Is the dollar on the brink of a technical rally?
After such a precipitous sell-off last week, the question traders will be asking themselves this week as they return to their desks after the weekend, is whether there is scope for further losses, or could the embattled dollar engage a technical rally? The disappointing GDP data on Friday did show that the consumer remains strong in the US and Treasury yields are again pushing out to further multi-year highs on Monday morning. Yield differentials may not be a source of dollar strength that they once were previously, but Donald Trump has clarified that he wanted to see a stronger dollar. With the dollar selling ... (full story)
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fxsport
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...because you never know - until you do!